Category: Fintech
Singapore’s alternative credit scoring startup CredoLab raises US$1 million to expand into Africa
OnSingapore’s CredoLab, a mobile-based alternative credit scoring solutions for banks, consumer finance companies, and retailers has raised US$1 million equity round from Walden International to expand internationally. According to Kris Leong, vice president of Walden International, “There is a big pool of unbanked consumers in Asia with…
Connecticut Innovations Launches VentureClash, a $5 Million Global Challenge for Lagos Startups
OnConnecticut Innovations, a U.S. investor in early-stage technology companies has launched VentureClash, its global venture challenge in Nigeria targeting disruptive startups in digital health, fintech, IoT and insurtech. The $5 million contest kicked off in March with the first round of applications and…
Prudential Financial invests $1.5million in the emerging market-focused LeapFrog Talent Accelerator
OnTalent development is the single greatest challenge most firms in emerging markets face. To help solve these problems, LeapFrog Investments has launched the LeapFrog Talent Accelerator (LTA), the private equity industry’s first talent development programme for CEOs, C-suite executives and middle managers in…
Zazu raises £200,000 through crowdfunding platform Seedrs to launch a digital-only bank in Africa
OnZazu, which began at the Ignite Accelerator as an e-commerce platform for farmers has raised over £200,000 for a 7.51% equity at a pre-money valuation of £2.5m to build a digital-only bank in Africa, bringing financial inclusion to millions. Co-founded by Perseus Mlambo, CEO, Adam Farah, CTO and Alessandra MartiniCOO, the…
SolarNow raises $6m in debt financing from SunFunder, responsAbility and Oikocredit to expand its reach
OnSolarNow has received a $6 million facility lead by SunFunder with the participation of responsAbility Investments AG and Oikocredit to expand their pay-as-you-go or solar lease offerings to reach more people living without access to energy. The $6 million facility is SolarNow’s second structured asset finance instrument,…
Peer-to-peer marketplace Pezesha to participate at the Blackbox Connect 20 in Silicon Valley
OnKenya’s Pezesha.com a peer-to-peer micro-lending marketplace for Africa has been selected to participate at the upcoming Blackbox Connect 20 accelerator programme, a two-week residential programme for startup founders from across the globe. Holding in Silicon Valley in November this year, Blackbox is…
